The U.S. Treasury Department's Financial Crimes Enforcement Network is temporarily barred from enforcing certain reporting requirements of the Corporate Transparency Act. Credit: Shutterstock'Great News' for Businesses? Judge Halts Transparency Mandate
A U.S. district judge in Texas ordered a temporary halt on Corporate Transparency Act reporting requirements for companies formed before 2024.
December 04, 2024 at 06:53 PM
4 minute read
Citing constitutional concerns, U.S. District Judge Amos Mazzant of the Eastern District of Texas in Sherman ordered a temporary injunction halting certain financial reporting requirements of the Corporate Transparency Act.
He granted the motion for preliminary injunction sought by the National Federation for Independent Businesses and numerous other small business plaintiffs.
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